When running a business, it is important for business owners to comply with all applicable rules and regulations. It is particularly essential to comply with employment and labor laws which are designed to ensure employers and employees are treated fairly. However, many times workers become upset because they believe they have been treated unfairly and end up accusing their employers of violations of labor law. This is what is happening to one construction company which is now facing a business litigation suit.
The dispute erupted when a former employee filed a lawsuit claiming that she was a victim of sexual harassment while working for the construction company. The lawsuit, filed in late November, alleges the defendant company of causing mental anguish, constructive discharge and retaliation. The plaintiff was an employee of the defendant company, Remedial Construction Services LP, since 2007.
Comcast and NBC Universal are in the middle of a legal dispute with the current owner of the Houston Astros. The owner filed a lawsuit against the companies and the previous owner for misrepresentation and breach of contract. The Texas team owner states that he lost millions of dollars as a result of their actions.
In 2011, the current owner purchased the Astros for over $600 million. As part of the agreement, he would be entitled to 40 percent of the subscription fees. What he did not know is that only a small portion of local cable subscribers would have the ability to watch the games. The current owner of the Astros claims that the former owner embellished the amount of programs fees that he would receive from the cable providers.
Two promoters are now locked in a legal battle over a middle-weight boxer, Andre Ward. One of the business partners has filed suit claiming that there was a breach of contract. When Texas parties fail to live up to their end of an agreement, it can lead to a courtroom battle. The business partner sought damages in excess of $1 million.
A verbal agreement was entered into by the two business partners back in 2011 and they both agreed that they would promote the boxer and divide the earnings. Both of them also agreed to compensate the boxer with a $550,000 sign-on incentive, which was split down the middle to $275,000 a piece. The revenue was to come from merchandising and sponsorships. They were also to gain revenue from overseas television sales and site fees.
A former property owner of an apartment complex has been faced with a lawsuit brought on by a bank. Alliance Bank Central Texas claims that the property owner committed a breach of contract when he failed to release funds to the bank for tenant refunds. The bank further claims in this business litigation that the man was misleading about the condition of his buildings and about making alterations to the water system.
In the middle of a foreclosure, the lawsuit stems from monies that were owed to the bank after tenants moved out of the buildings. The owner had the responsibility of distributing funds to the bank in order to issue refunds to former tenants. The owner neglected to do so, and therefore the bank was left holding the bag in the amount of $907,053. He is also being sued for allegedly altering the water supply to the tenants. This resulted in multiple code violations issued by the county health district.
A company has been ordered to pay over $1 million to former employees who worked as advisers. The advisers of First Command Financial Planning parted ways with the company back in 2012. After leaving the company, they allegedly did not receive compensation for their work and defamatory statements were made, leading up to business litigation.
Back in 2012, the management of First Command decided to make some considerable changes which would require the advisers to sell whole life insurance. In addition, the company shifted over to paying commission only. The employees were not pleased with the decision and eight of them ended up leaving the company to join another business called DaVinci Financial. After the separation, First Command listed the employees as being terminated due to misconduct, which was construed as being defamatory statements that could have a negative impact.
Most new business owners realize that the decisions made during business formation affect the business for years and decades to come. There are many important steps necessary to become legally recognized as a business by the state and the IRS. The choice of business entity alone can have far-reaching tax consequences. Texas businesses that are launching new products have even more legal considerations. Recently, the founder of Twitter was interviewed by Forbes to reveal more about his second and third successful product launches.
The owner and founder of Twitter, Jack Dorsey, recently discussed his philosophy on creating his newest business products called Market and Square Cash. The entrepreneur's mindset when creating new business ventures is to rebuild the consumer's sense of all things, by first troubleshooting problems and creating companies that provide solutions. Utilizing data, Dorsey structures his latest companies with both the customer and the merchant in mind.
A heavy area of business litigation involves patent and royalty claims. If one company owns a patent over certain technological innovations that other companies are using, the owner will demand licensing fees for use of the patented innovation. The patent owner sues the usurper for royalty rights totaling sometimes in the hundreds of millions of dollars. One business litigation case is unfolding in a state other than Texas that demonstrates some of the same types of challenges faced by Texas companies.
It involves a company called Intellectual Ventures (IV) that is pursuing a $310 million claim for patent licensing royalties against Symantec and Trend Micro. Those two companies have chosen to stay and fight. However, two others, Intel's McAfee unit and Check Point Software Technologies Ltd have both quietly settled with IV.
Two large companies were in the middle of a heated dispute over patent infringement. Many blog readers may be familiar with Apple and Wi-Lan. The business litigation is based on wireless technology and the company, Wi-Lan Inc, has filed a lawsuit against Apple for a total of $248 million.
The dispute between the two companies resulted in a trial by jury. Wi-Lan, which strives off royalty earnings on each sale, has claimed that Apple used its technology and patents to make a profit. Wi-Lan has stated that Apple is completely reliant on their technology. Reportedly, the company lost over $760,000 in quarterly earnings due to large accounting and court costs associated with this case.
Two property owners from Texas are dealing with what is being called a breach of contract after several families who lived in their out-of-state properties filed a complaint against them. The tenants claim that the Texas owners were negligent in providing a safe environment in which tenants could live. Thus, they are alleging a breach of contract and have taken their case to local officials.
The crux of the claim is that the apartment complex owned by the Texas property owners is not fit for habitation. There are 421 units in the building, and several tenants are part of the claims. They say that there is toxic black mold on the premises, making it a health risk to live there.
If entrepreneurism were ever in style it would certainly be now. It is impossible to walk a few blocks in any American city without finding a startup business getting a fresh start to something great. Nevertheless, new business owners in Texas still have it tough. They have to build the right kind of momentum immediately out of the starting gate, from the very first second the entrepreneur in charge decides to form a business. Fortunately, there are five steps that every new business owner can take to amplify his or her momentum and success.
First, a good business owner must explore every single solution to business problems encountered. In order to do that, a business owner must find problem-solvers; or, the right kind of people who can analyze the problem. By seeing the issue as beyond oneself, a successful entrepreneur can employ talented individuals to solve that problem in the best possible way.